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wstksm Lido on Kusama #
40.06 USD 1.07% +0.42
38.22 40.81
Circulating supply 0
Total supply 60K
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wstksm Price

Current Price 40.06 USD
Price Change 24H 0.42 USD
Price Change 24H 1.07%
Price Change 7D 4.00%
Price Change 14D 24.46%
Price Change 30D 39.94%
Price Change 60D 0.00%
Price Change 1Y 0.00%
Market Cap Change 24H 0
Market Cap Change 24H 0.00%
All time high (ATH) 41.95 USD
ATH Change -4.60%
ATH Date 2023, Jan 20

wstksm Markets

Last price: 40.03 USD
Last price: 1.14 0XFFFFFFFF1FCACBD218EDC0EBA20FC2308C778080
Spread: 0.60%
24H Volume:

* Anomaly - Trading price is an outlier against the average

** Inactive - No trades in the last 3 hours

Lido on Kusama

Lido KSM Liquid Staking Protocol, built on the Kusama chain, allows their users to earn staking rewards on the Kusama chain without locking KSM or maintaining staking infrastructure. Lido on Kusama make KSMs liquid while staking. It ensures maximized yield and availability of staking and makes leverage options possible while being decentralized and secure.

Users can deposit KSM to the Lido smart contract and receive stKSM or wstKSM tokens in return. Unlike KSM staked directly on the Kusama network, the stKSM and wstKSM tokens are free from the limitations associated with the lack of liquidity and can be transferred at any time. The stKSM and wstKSM token balances corresponds to the amount of the Kusama chain KSM that a holder can withdraw.

That becomes possible because of permissionless validator node selection and dynamic reallocation algorithms along with slashing hedging deployed on Moonbeam parachain and empowered by XC-20 cross-chain token standard.

wstKSM is a wrapped version of stKSM. Due to the nature of Lido, the amount of stKSM on your balance is not constant — it changes daily as staking rewards come in. As some DeFi protocols require a constant balance mechanism for tokens, wstKSM keeps your balance of stKSM fixed and uses an underlying share system to reflect your earned staking rewards.